Ken Griffin's Citadel, which manages $26 billion in assets, suffered losses in the first quarter of 2016. By summer the hedge fund firm had turned things around. Griffin bought two paintings by Willem de Kooning and Jackson Pollock from David Geffen in late 2015, reportedly paying $500 million in one of the biggest private art sales ever. Griffin started trading in his Harvard dorm room in the 1980s, using $265,000 in seed money from his family and friends. In February 2014, Griffin announced a $150 million donation to Harvard, his alma mater, to give to students for financial aid. More »

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In May, billionaire hedge fund magnate Steven A. Cohen said he was “blown away” by a lack of talent among job seekers looking to crack into his family office, Point 72 Asset Management. Cohen, who converted his hedge fund SAC Capital into a family office in 2014 as part of a settlement with the Securities and Exchange Commission, is now betting read »

From banking to buyouts, trading to takeovers, these 40 financiers dominate the world of money. The hedge fund managers, private equity moguls and lenders who control the flow of trillions of dollars around the global economy impact just about all of us one way or another. To compile the list, we considered people who run businesses on both the read »

The Fed’s interest rate hike is likely to boost E-Trade’s net interest revenues, as the company will earn a higher net yield on its assets. Moreover, trade revenues will likely increase in the near term, owing to the volatility and turmoil in the financial markets. In terms of other revenues, a recovery can be expected after the one-time losses read »

E*Trade Financial announced its Q1 fiscal 2016 earnings on Thursday, April 21st, reporting a 7% year-on-year (y-o-y) rise in net revenues to $472 million. In line with our expectations, daily average revenue trades (DARTs) fell 3% year on year (y-o-y) to 165,000 in the quarter, causing transaction-based revenues to decline. However, the fall in read »

E*Trade Financial ventured into the domain of robo-advisory with the launch of its Adaptive Portfolio tool this week. This move follows the release of research conducted by E*Trade back in February discussing investor awareness of robo-advisory and revealing interest in availing these services in the long run. Competing brokerage firm read »

On Friday, Athene listed its shares on the New York Stock Exchange, raising $1.1. billion at a $7.4 billion valuation and setting the stage for a growth spurt that should fuel Apollo’s bottom line for years to come. read »